Madison, SD vs Vermillion, SD

Madison, SD and Vermillion, SD have a very similar cost of living, with only a 4.1% difference in their overall index. Madison scores 74 while Vermillion scores 71 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Madison is $874/month compared to $728/month in Vermillion — a 20% difference. Interestingly, home values tell a different story: while Vermillion has cheaper rent, Madison actually has lower median home values ($191,400 vs $210,200).

Median household income in Madison is $62,180 compared to $52,815 in Vermillion (+17.7%). While Madison is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Madison spend roughly 16.9% of their income on rent, more than the 16.5% in Vermillion.